tag:blogger.com,1999:blog-6498674929523264462.post9203965367371979303..comments2024-03-26T12:20:35.110+00:00Comments on Theo Spark: Money-losing proposition...............from RicoUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6498674929523264462.post-47650806357059260752017-08-16T06:52:08.473+01:002017-08-16T06:52:08.473+01:00Rico. You are double counting. The new car buyers...Rico. You are double counting. The new car buyers are financing three things, the dealer mark up, the sales taxes and...the depreciation. In the UK 80% of new cars are bought on PCP schemes. After three years you may or may not have any equity in the vehicle to set against the next one. But why bother? Just put down the minimum and finance the dealer profit, the sales tax (20% in the UK) and the three year depreciation and secure yourself a 'reliable transport solution' for a low monthly payment. These schemes are not a problem for buyers. They are potentially a problem for financiers. Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-6498674929523264462.post-83214182436183283322017-08-15T16:34:27.688+01:002017-08-15T16:34:27.688+01:00If you insist on new every few years you might wan...If you insist on new every few years you might want to consider leasing, although interest rates below 1% make that a numbers game. My new car has a 0% loan.<br /><br />If you keep your new car clean inside, don't eat or smoke in it, and let somebody else bring home the carry out food, then the new car aroma will last longer. They also sell that scent in an air freshener.Drew458noreply@blogger.com